Fahad Awadh
Mississauga, ON (CAN)
Role(s):
Renaissance Innovations
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Startup
Location:
Mississauga
Industry:
Real Estate
Year Founded:
2008
Number Employees:
INVALID
Description:
I am looking for an equity partner with $2.5million deposit for the purchase of 25 units in a 5-star Resort that is under construction.
Completion Date: Mid-2010
Properties are being purchased 30-40% below market value.
Upon completion I have secured a 70% LTV mortgage, based on the value of the property. Due to strong appreciation and the fact properties are currently being sold below market value. The LTV mortgage will cover the entire purchase price including deposit.
At this point the equity partner is reimbursed the funds for deposit, and maintains 50% ownership of the property.
Full information and proforma available.